Written by Anand Parmar
Thanks to the strategic location of Ahmedabad! The largest and former capital city of Gujarat is easily accessible to the African and Middle East markets. Being a centre of education, politics and trade & commerce, this attracts people from varied regions.
It houses a myriad of public and private sector companies, famous Indian Institute of Management, national and scientific institutions like Indian Space Research Organization ISRO and Physical Research laboratory PRL.The increasing population accelerates the demand for housing. National Highway 8 connects Delhi to Mumbai, and it passes through Ahmedabad. Metro Rail is under construction and the length of the line is expected to be around 40 km. Infrastructure projects like Outer Ring Road & Bus Rapid Transit link areas within the city with ease. Buying a home in Ahmedabad is worth and we will suggest you 5 areas in this regard -
1. Bopal and South Bopal - Both these localities are preferred because of their affordable capital values. Even though these localities are far from the city, they are well-connected through SP Ring Road. Real estate agents active in the area say that they have seen an increase in the number of enquiries in past few months. The capital values in the locality range from Rs 2,950-3,750 per sq ft.
2. Satellite - Satellite, the expensive and well developed colony of Ahmedabad is at top in the list of most preferred localities. Proximity to commercial offices in Parhlad Nagar and decent connectivity to rest of the city are two major factors driving people to this area.
The capital values of apartment here ranges between Rs 4600 and Rs 5850 per sq ft. Satellite gets its connectivity from SG Highway and 132 feet Ring Road. Bus services are provided by both Ahmedabad Municipal Transport Services AMTS and Bus Rapid Transit System BRTS. It is located 3 km away from Vastrapur Railway station, 9 km from Ahmedabad Railway station and 15 km away from Sardar Vallabhbhai Patel International Airport.
3. Gota - Gota is situated roughly 10 km from Ahmedabad. As it falls on the outskirts, the property prices here are affordable varying from Rs 2600-3000 per sq ft. Hence, middle-class people are more attracted towards the area. The locality however has all basic facilities and offers easy commuting to rest of the city through SG Highway.
4. Chandkheda - Chandkheda is least expensive among the top 10 localities. The capital values here range from Rs 2300-2850 per sq ft. People working in PSU companies, IT sector and Govt. colleges are here usually home buyers. Apart from having its own Chandkheda Railway station, the locality is connected to SP and 132 feet Ring Road. Bus services are provided by BRTS at regular intervals.
5. Maninagar - Proximity to industrial area, improved connectivity and robust development of basic infrastructural amenities are the reason behind the sudden emergence of this area in the list of preferred localities. Capital values here range from Rs 2900 to 3500 per sq ft. Several home buyers are those working in small and medium scale industries. For residential projects, the average price in the city varies from Rs 1800 to Rs 9,500 per sq. ft. IIFL Home loans, a leading housing finance company has 250+ approved projects, legally and technically verified.
Disclaimer
All content provided on this blog is for informational purposes only. The opinions provided herein are solely of the author and do not, in any which way, reflect the views of IIFL Home Finance Limited. The author makes no representations with regard to the accuracy or completeness of any information available on this blog/site/ link on this site and shall not be liable for any errors or omissions on the account of the information provided herein. The information provided herein is basis the current market pattern and subject to change from time to time.
Home Loans
Home Loans
Defaulting on Home Loan EMIs: What You Should Know
Read Blog
IIFL Home Loans | Sep 15 5:59 AM
Home Loans
All You Need to Know About Home Loan Statement
Read Blog
IIFL Home Loans | Sep 15 5:18 AM
Home Loans
Home Loans
Home Loans
Home Loans
TDS on Property Purchases in India: A Complete Guide
Read Blog
IIFL Home Loans | Aug 07 8:00 AM
Home Loans
Home Loans
How to Claim Tax Benefits on a Second Home Loan
Read Blog
IIFL Home Loans | Aug 04 6:38 AM
Home Loans
Home Loans
Guidelines for Affordable Home Loan Balance Transfer
Read Blog
IIFL Home Loans | Jul 12 6:18 PM
Home Loans
Home Loans
Save More With Tax Benefits of Home Renovation Loan
Read Blog
IIFL Home Loans | Jul 12 11:09 AM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
What Is a Pre-approved Home Loan and Its Benefits
Read Blog
IIFL Home Loans | May 15 5:28 AM
Home Loans
Home Loans
Key Factors Affecting Your Home Loan Amount Eligibility
Read Blog
IIFL Home Loans | May 12 11:58 AM
Home Loans
How to be Tension-free while Taking a Home Loan
Read Blog
IIFL Home Loans | Apr 28 12:03 PM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
A Quick Guide to Buying a Home for the First Time
Read Blog
Abhishikta Munjal | Mar 22 6:11 AM
Home Loans
Home Loans
Affordable Home Loans In India And IIFL Home Loans
Read Blog
IIFL Home Loans | Nov 23 4:12 AM
Home Loans
Home Loans
7 Expert Tips For First-Time Home Loan borrowers
Read Blog
IIFL Home Loans | Nov 02 9:30 AM
Home Loans
Home Loans
Home Loan Balance Transfer - Step By Step Guide
Read Blog
IIFL Home Loans | Nov 02 9:30 AM
Home Loans
Home Loans
Steps To Close A Home Loan Without Complications
Read Blog
IIFL Home Loans | Aug 24 9:48 AM
Home Loans
Home Loans
Home Loans
Home Loans
Best Tips To Get Lowest Home Loan Interest Rates
Read Blog
IIFL Home Loans | Oct 03 12:15 PM
Home Loans
Success Tips For Young First-Time Home Buyers
Read Blog
IIFL Home Loans | Oct 03 11:45 AM
Home Loans
Home Loans
How To Claim Tax Benefits On Joint Home Loans?
Read Blog
IIFL Home Loans | May 21 2:45 PM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Five Things to Keep in Mind Before Buying A House
Read Blog
IIFL Home Loans | Jan 23 4:45 PM
Home Loans
Home Loans
SIPs Can Help You to Pay Your Home Loan Interest
Read Blog
IIFL Home Loans | Nov 15 1:00 PM
Home Loans
Home Loans
Home Loans
Home Loans
Tax Planning
Home Loans
Calculate Your Eligibility With Home Loan Calculator
Read Blog
IIFL Home Loans | Feb 07 11:00 AM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
10 Things You Must Know About Home Loan EMI Calculator
Read Blog
IIFL Home Loans | Oct 05 12:15 PM
Home Loans
6 Things To Consider While Choosing Your Home
Read Blog
IIFL Home Loans | Oct 01 11:45 AM
Home Loans
Here are 6 ways to Save Money on Your Home Loan
Read Blog
IIFL Home Loans | Aug 05 12:15 PM
Home Loans
5 Hacks for Improving the Home Loan Eligibility
Read Blog
IIFL Home Loans | Jul 18 3:45 PM
Home Loans
Home Loans
Whether taking home loan is a wise decision or not?
Read Blog
IIFL Home Loans | Apr 14 2:15 PM
Home Loans
Yes, Every Home Loan Needs Insurance. Here Why
Read Blog
IIFL Home Loans | Apr 14 11:30 AM
Home Loans
10 Things You Must Know About Home Loan EMI Calculator
Read Blog
IIFL Home Loans | Oct 05 12:15 PM
Home Loans
5 Hacks for Improving the Home Loan Eligibility
Read Blog
IIFL Home Loans | Jul 18 3:45 PM
Home Loans
Home Loans
6 Things To Consider While Choosing Your Home
Read Blog
IIFL Home Loans | Oct 01 11:45 AM
Home Loans
7 Expert Tips For First-Time Home Loan borrowers
Read Blog
IIFL Home Loans | Nov 02 9:30 AM
Home Loans
Home Loans
A Quick Guide to Buying a Home for the First Time
Read Blog
Abhishikta Munjal | Mar 22 6:11 AM
Home Loans
Affordable Home Loans In India And IIFL Home Loans
Read Blog
IIFL Home Loans | Nov 23 4:12 AM
Home Loans
Home Loans
Home Loans
All You Need to Know About Home Loan Statement
Read Blog
IIFL Home Loans | Sep 15 5:18 AM
Home Loans
Best Tips To Get Lowest Home Loan Interest Rates
Read Blog
IIFL Home Loans | Oct 03 12:15 PM
Home Loans
Calculate Your Eligibility With Home Loan Calculator
Read Blog
IIFL Home Loans | Feb 07 11:00 AM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Defaulting on Home Loan EMIs: What You Should Know
Read Blog
IIFL Home Loans | Sep 15 5:59 AM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Five Things to Keep in Mind Before Buying A House
Read Blog
IIFL Home Loans | Jan 23 4:45 PM
Home Loans
Guidelines for Affordable Home Loan Balance Transfer
Read Blog
IIFL Home Loans | Jul 12 6:18 PM
Home Loans
Home Loans
Here are 6 ways to Save Money on Your Home Loan
Read Blog
IIFL Home Loans | Aug 05 12:15 PM
Home Loans
Home Loan Balance Transfer - Step By Step Guide
Read Blog
IIFL Home Loans | Nov 02 9:30 AM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
How to be Tension-free while Taking a Home Loan
Read Blog
IIFL Home Loans | Apr 28 12:03 PM
Home Loans
How to Claim Tax Benefits on a Second Home Loan
Read Blog
IIFL Home Loans | Aug 04 6:38 AM
Home Loans
How To Claim Tax Benefits On Joint Home Loans?
Read Blog
IIFL Home Loans | May 21 2:45 PM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Key Factors Affecting Your Home Loan Amount Eligibility
Read Blog
IIFL Home Loans | May 12 11:58 AM
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Home Loans
Save More With Tax Benefits of Home Renovation Loan
Read Blog
IIFL Home Loans | Jul 12 11:09 AM
Home Loans
Home Loans
SIPs Can Help You to Pay Your Home Loan Interest
Read Blog
IIFL Home Loans | Nov 15 1:00 PM
Home Loans
Steps To Close A Home Loan Without Complications
Read Blog
IIFL Home Loans | Aug 24 9:48 AM
Home Loans
Home Loans
Success Tips For Young First-Time Home Buyers
Read Blog
IIFL Home Loans | Oct 03 11:45 AM
Home Loans
TDS on Property Purchases in India: A Complete Guide
Read Blog
IIFL Home Loans | Aug 07 8:00 AM
Home Loans
Home Loans
Home Loans
What Is a Pre-approved Home Loan and Its Benefits
Read Blog
IIFL Home Loans | May 15 5:28 AM
Home Loans
Home Loans
Whether taking home loan is a wise decision or not?
Read Blog
IIFL Home Loans | Apr 14 2:15 PM
Home Loans
Home Loans
Home Loans
Yes, Every Home Loan Needs Insurance. Here Why
Read Blog
IIFL Home Loans | Apr 14 11:30 AM
Home Loans
Disclaimer: The information contained in this post is for general information purposes only. IIFL Home Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment, etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness, or of the results, etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan product specifications and information that may be stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan.